As Tony discussed this morning, there really isn’t any tactical edge in the market currently and this has investors sitting on their hands ahead of Wednesday’s FOMC announcement and Sunday’s deadline for a new round of tariffs to go into effect. This is clearly evident by today’s tight trading range. As of 1:30pm, the S&P 500 Index (SPX) has remained in just an 8-point range. That is the tightest intraday range since August 7, 2018.
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